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Post by livinginmedellin on Jun 26, 2016 18:04:09 GMT -5
In the first five months of 2015 37.019 vehicles they were invoiced in Colombia were of national origin, in the same period this year only 36,229 were sold, so sales of domestically produced vehicles was down 2.1%. In total, domestic and imported vehicle sales fell 14.7% to 96,613 units for the first five months of the year, so imported vehicle sales have dropped much faster than domestically produced vehicles due to the strong dollar and increasing interest rates in Colombia. The steepest drop in turnover in the sale of imported cars were from India, with a drop of 50.1%; from China, dropped 44.5%; from Brazil, dropped 27.4%; from Korea, dropped 24.5%; from the U.S., dropped 21.5% and from Mexico, dropped 15.8%. However, the participation of European cars grew from 4.8 to 5.1 percent and that of Thailand from 2.3 to 2.6 percent. Brands assembled nationally, gained the most share, also in the first five months of the year was Renault, which rose from 16.2 to 20.1 percent of the market, followed by Chevrolet, which rose from 24.2 to 24.5 percent; and Hino, which went from 0.7 to 1.1 percent. However, that did not stop the appetite for some imported brands. For example, the Japanese Mazda, which is now imported, grew from 5 to 7.2 percent slice of the market and also Japan's Nissan, from 6.5 to 6.9 percent. In the first five months of the year, 37.5% of the vehicles sold in Colombia were domestically produced, up from 32.6% last year. Here's a graphic with car sales in Colombia by country of origin for the first five months of the year (from El Tiempo): See (in Spanish): www.eltiempo.com/economia/sectores/carros-ensamblados-en-colombia/16629730
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Post by bickmed on Jun 27, 2016 1:03:47 GMT -5
We are looking for a new car, and we can sell our old one, on a trade in, for almost the same price we bought it 5 years ago. That is of course in pesos, and the USD price is a lot less, but for Colombians buying in Pesos it must be tough (or great if selling).
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